. >> brian quinn with today's business. time now for another check of the top stories. brutal climb onstage. the punishing mountain is 47 kilometers station, up the assent of the final client -- final one. back. was well 50 seconds on port in the general classification. all-cash withoup 2k to go. they had enough place toto victy on the line. thomas losing several minutes. losing on saturday. french kickoff against south africaca on n saturday. in 2016,st ever season losing eight of 12 matches, including a humbling defeat against italy. still expecting to face a huge battle. >> i honestly think we will get a huge battle, but we shouldn't focus on one particular angle. in can often get surprised this level of competition. , rigorous,o be ready and precise in the battle ahead. and not to be surprised by this site. >> there are 11 changes from the french size last match, and experimental lineup. >> we can't find too much on the basis of this first set. we must not collapse physically. we have to prepare accordingly. i also have the impression they will play to try to subdue

he may have his predecessor to brian quinn as explains. >> a funny forecast for france and the economy is expected to finally take off again in 2017. france's national statistics agency with economic growth of 1.6%. it is 1.1%. sectors are seeing recovery. tourism getting back on track. construction companies hiring again. international trade also on the rise. it's an upswing taking place. are beginning to invest again, many by modernizing their equipment. policies put in place since 2014. >> it looks like some of the measures taken are starting to bear fruit. tax credits, for example. the responsibility that was transferring 41 billion euros to businesses and businesses have used that mostly to restore their margins. when margins have restored, they start hiring and investing again. >> they also expect unemployment to continue to fall over the year. are moreumbers optimistic than the european commissions that puts growth in just 1.4% for 2017 behind both germany and the euro area overall. regardless, the situation appears to be improving giving welcome the way to print -- president em

brian quinn explains. is expected to finally take off again in 2017. the national statistics and agents the -- agency predicting since 2011. 2016 rate was 1.1%. a number of sectors are seeing recovery. tourism, construction companies. international trade also on the rise. businesses begin to invest again by modernizing their equipment. part confidence stems in from policies put in place since 2014. >> it looks like some of the measures are starting to bear fruit. tax credits, the responsibility packed. businesses have used to restore their margins. when companies margins are restored by start investing again. agencyfrench statistics expects unemployment to continue to fall. their numbers are more optimistic than the european commission which puts growth in france 1.4% behind both germany and the euro area of all. the situation appears to be improving. giving welcome leeway to president emmanuel macron as he seeks to pursue his agenda. you have something about a lot of women's favorite actor. george clooney has a tequila bonanza. in teen the film star f

i am joined by brian quinn. we going to start with the main story. it is the president's decision to pull the united states out of the paris climate agreement. he says he did this for american workers. >> not particularly well. a number of u.s. business leaders tried before the announcement to convince him to stay in the paris accords. heads of many large american companies are criticizing the decision, not just on environmental grounds but economic as well. the backlash has been fast and furious after donald trump's decision to withdraw from the climate change deal. leaders from some of the biggest companies in the country like general electric, facebook, goldman sachs have condemned the move. they say it will curb innovation. geithner said he will be leaving the president's advisory council, the same move from elon musk, who said on twitter leaving paris is not good for america or the world. general electric called the decision disappointing, saying the industry must lead and no longer depend on the government. comes as pulling out of the paris cou

it's time now for our business update with brian quinn. you are going to start off in greece. convince they tried to european creditors to unlock the next installment of bailout cash, greek lawmakers have tightened the country's belt. they aim to show that greece is meeting its reform requirements of the bailout deal. austerity measures are having an effect on citizens who have been living with higher taxes and diminishing pensions. the economy has shrunk by 25%. we take a look in this report. >> pushing through new austerity measures, the left-wing government raced against the clock to approve another round of cuts in exchange for 7 billion euros in oil out loans needed to repay debts. the measures include restricting pension playmates -- payments for the next years and making it easier for banks to seize properties. >> with all the measures it has taken, the government has ruined our lives. they have crushed the working-class family. >> the reforms were done last minute. it comes just three weeks after the government cut tax breaks for those living below the eu poverty line

brian quinn joins us. what is top news stories. donald trump's plan to walk the u.s.ack from relations with cuba. p expected to announce tighter restrictions on travel between u.s. and cuba and a clamp on a business is linked to the cuban military. due to the extensive reach, they can have an effect across almost all of the country's business sectors for a group of cuban female entry doors have -- sectors. -- a group of cuban female boycotting there first family. >> a group of 55 cuban women sent a letter to ivanka drop and hope she may -- trump and hope she may convince her father not to reverse the relationships. >> please do not reverse the relationship. they helped us cuban women entrepreneurs to empower our families and empower our society. u.s. president donald trump is expected to reverse policies under the obama of memos -- administration that restored relations with cuba after more than half a century of isolation. the trump administration is expected to scale back by reinstating travel restrictions and stopping companies linked to the cuban military. many fe

brian quinn is with us in the studio.e will start with some new figures that point to continued growth in the global economy. isan: the world bank predicting that the world economy will grow by 2.7% for 2017. that estimate holding steady from its january report, a boost of the 2016 2.4% rate. for the eurozone, may saw you must -- may saw robust growth across many of the economies. in itsozone overall is best economic health since 2011 with unemployment at its lowest since 2009, right around 9.3%. those figures seem to back up the world bank's prediction, looking for higher growth, at 2.9%, in 2018. earlier today, we spoke with one of the leading economists about the recovery. >> the recovery seems to be well entrenched. even investment is beginning to pick up. it is a broad-based recovery that goes across the spectrum of countries. pmi is that a six year high. it looks like the euro area may have been turning a corner. bryan: one of our major news stories today, the decision of a number of middle eastern countries to sudd

i'm joined by brian quinn. electronics giant, toshiba, its troubles continue. >> that's right. announced they're looking at even deeper losses for the 2016 fiscal year than previously predicted. the company has just been given a second extension to file its results, after missing a previous deadline. it's facing a downgrade or even delisting from the tokyo stock exchange. reporter: toshiba's troubles continue. the electronics giant a has been second tierto the of the tokyo stock exchange. the release of its earnings is pushed back again. 10thba now has until the of august. it said it needed more time, westinghouse filed for bankruptcy this year. japanese firm expects to report a net loss of 995 billion about 8 billion euros. conference, its boss offered apologies to investors.s and >> i apologize deeply for causing trouble and inconvenience. delisted if we cannot eliminate insolvency on a consolidated balance sheet by march 2018. says talks areba continuing. it's the world's second largest providing chips for data centers as well as consumer goods like iphones and ipads. a sale

with me on the set is brian quinn.e know that president trump is this decisionnce about the paris climate accord. it looks like he is going to pull out and a lot of business leaders are already trying to influence the decision before it comes out. >> major element of leaving the accord was that it's a hindrance on u.s. economic growth. chiefs of industry are taking the opposite tack, saying exiting the pact could cost the u.s. is edge in clean energy growth. plea to stay in. on thursday, dozens of u.s. companies including apple, hewlett-packard and unilever published a full-page ad in the new york times and wall street journal urging donald trump to keep the united states in the 2015 paris agreement on climate change. accord is bad the for the u.s. economy. a number of top u.s. business leaders say the opposite, arguing remaining in the agreement would stimulate competition, create jobs and reduce business risks. >> business across the board has told the president stay in. they know it's very helpful for american busin

especially in emerging markets brian quinn explains. and they are calling it. five phone. ten years after its unveiling the iphone is one of the most successful products in history with over a billion units sold. the device has one button interface with an app based operating system responding to intuitive gestures change the direction of mobile phone design. and of business our expectation that we should be able to find anything anywheree a ad order it no matter where we are. has changed the way that retell works has changed the way that delivery works has changed pretty much everything about everery industry. it also changed apples fortunes since the iphone's wants apple has grown to boast the largest market capitalization of any publicly traded company in the world. over three quarters of a trillion dollars by revenues it's the world's largest tech company ahead of rival samsung by a significant margin. in twenty sixteen apple brought in two hundred sixteen billion dollars in sales for forty five billion dollars in profit. much of that succecess is thanks to iphone sale

quinn. this is bloomberg markets. futures in focus -- oil having a rough end to the month of june. joining us from the cme is brianattle of performance trust capital partners. brian, the question is does this reversal, this gain in prizes stay the course given that we have plenty of supply and we are already through the worst of the driving season? so, what happens? brian battle: we have had some short-term interruptions with the storms in the gulf and maintenance in alaska, so you are short-term it is happening, but in may we were at $50 a barrel. there was an opec meeting, and since in, saudi leadership has changed. the global demand situation is getting figured out. the saudi's need money, but they want to hold opec together. the fracking boom is going like crazy, but losing steam because it is run by low interest rates, cheap capital. iran, most important part, is coming back into the global marketplace, and a french company has agreed to help them exploit and modernize their field. long-term i don't think oil prices will hold for long because there is not enough demand for the r-rated amount of supply coming